A proposal for a decentralized liquidity savings mechanism with side payments

• Main Authors: FUGAL, Adam, GARRATT, Rodney, GUO, Zhiling, HUDSON, Dave
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2018
• 主題: Databases and Information Systems; E-Commerce; Finance and Financial Management
• 在線閱讀: https://ink.library.smu.edu.sg/sis_research/4108; https://ink.library.smu.edu.sg/context/sis_research/article/5111/viewcontent/proposal_dlsms_r3.pdf
• 機構: Singapore Management University

In most countries, the central bank provides the medium to physically settle the smallest payments (cash) and the means to electronically settle the largest payments, which typically are wholesale payments between banks. For the latter purpose the central bank usually operates a system through which...